Jacobsville Finnish Lutheran Church · Photo: Royalbroil · CC BY-SA 3.031 homes sold in Torch Lake Township in the last year, at a typical $230K
Redfin reports Torch Lake Township’s sales by ZIP code, so these figures are for ZIP 49945, which takes in Torch Lake Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Torch Lake Township homes are listed.
Every place Torch Lake Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Torch Lake Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Torch Lake Township’s sales, at a typical $266K (year to May 2026)
31 homes sold in the year to September 2026.
typical sale · 20 sold in the year to May 2026
- Per square foot
- $159MI $172
- Days to sell
- 117
- Sold over asking
- 15%
About as many homes sell as usual, at 2.5 times the 2016 price
31 sales in the last year, against 50 in 2021 and a low of 16 in 2025. The typical sale went from $91K in 2016 to $230K.
Source: Redfin Data Center, MLS sales; for ZIP 49945, which takes in Torch Lake Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $250K buys in Torch Lake Township
Check a listing against what Torch Lake Township homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Torch Lake Township are more common than before the pandemic, but 62% fewer homes come up for sale
We read every month of home sales in ZIP 49945 since 2013 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 31 sales.
If you’re buying in Torch Lake Township
- Shop in June. It brings about 6 new listings a month, close to the busiest month, with fewer bidding wars (14% over asking).
- Offer under asking. Buyers paid 95.1% of the list price on average; 13% paid over.
- You’ll usually have time. Only 21% of homes go under contract within two weeks; the typical one takes 93 days.
Summer brings the homes; fall brings the bidding wars
June has the most new listings (about 6 a month), but September is the most competitive: 20% of September sales close over asking. February has the least competition (6%) but only about 1 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Michigan
| Torch Lake Township now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 13% | 5% | 34% | 28% |
| Gone within two weeksShare of homes under contract within 14 days | 21% | 2% | 4% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 95.1% | 93.6% | 98.1% | 98.1% |
| Days to sellMedian days from listing to contract | 93 | 133 | 88 | 36 |
8 homes for sale on a typical day
That’s 62% fewer than in 2017–19 and well under 2014’s 32.
Source: Redfin Data Center, ZIP code tracker; for ZIP 49945, which takes in Torch Lake Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2013 to September 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Torch Lake Township home costs about $1,420 a month
Price: Torch Lake Township’s typical sale, last 12 months. Property tax at Torch Lake Township’s 1.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Torch Lake Township is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. January has the fewest, about 1.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $230K home, about $2,640 a year.
Taxes vs. neighborsSchools
The schools grade for Torch Lake Township, from test results, graduation and how much students grow.
Schools in Torch Lake TownshipTypical commute
The average one-way trip to work for people who live in Torch Lake Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Laurium and Hancock sell for less a square foot
The busier markets within 25 miles of Torch Lake Township, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Hancock | 45 | $242K | $142 | 19% | 60 |
| Torch Lake Township (ZIP 49945) | 31 | $230K | $150 | 13% | 93 |
| Houghton | 29 | $325K | $161 | 10% | 72 |
| Laurium | 28 | $149K | $87 | 14% | 120 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Torch Lake Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Torch Lake Township. People who follow the town see it, and so do people comparing Torch Lake Township with their own town. No commission, no listing fee.
Questions about buying a home in Torch Lake Township
What do homes sell for in Torch Lake Township, MI?
31 homes sold in the year to September 2026 at a typical $230K, $150 a square foot.
Is Torch Lake Township a buyer’s or seller’s market?
A seller’s market: 9 homes were for sale in September 2026 and 4 sold, about 2.3 months of supply. Buyers paid 95.1% of asking on average.
When is the best time to buy in Torch Lake Township?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Torch Lake Township?
About 1.2% of a home’s value a year. On a $230K home that’s near $2,640.
Where can I see homes for sale in Torch Lake Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Torch Lake Township’s MLS listings; the search links above open each one filtered to Torch Lake Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 49945, which takes in Torch Lake Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).